Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data apply to A. L. Kaiser and Company (thousands of dollars): Cash 150 Marketable Securities 90 Accounts Receivable 375 Inventories 385 Net Fixed
The following data apply to A. L. Kaiser and Company (thousands of dollars):
Cash | 150 |
Marketable Securities | 90 |
Accounts Receivable | 375 |
Inventories | 385 |
Net Fixed Assets | 1000 |
Current Liabilities | 310 |
Sales | 3000 |
Cost of Goods Sold | 2500 |
- Find Kaisers (1) current ratio, (2) quick ratio, (3) inventory turnover, (4) average collection period, (5) total asset turnover.
- Briefly comment the liquidity and activity performance of the company given the following industry average: current ratio 4.2, quick ratio 2.2, inventory turnover 10.9, average collection period 36 days, and total asset turnover 1.8 (Max 30 words for each ratio).
The following data apply to A. L. Kaiser and Company (thousands of dollars):
Cash
150
Marketable Securities
90
Accounts Receivable
375
Inventories
385
Net Fixed Assets
1000
Current Liabilities
310
Sales
3000
Cost of Goods Sold
2500
- Find Kaisers (1) current ratio, (2) quick ratio, (3) inventory turnover, (4) average collection period, (5) total asset turnover.
- Briefly comment the liquidity and activity performance of the company given the following industry average: current ratio 4.2, quick ratio 2.2, inventory turnover 10.9, average collection period 36 days, and total asset turnover 1.8 (Max 30 words for each ratio).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started